Sunday, October 30, 2005

Scottish Power to build windfarm in US

Scottish Power to build windfarm in US

Fri, 28th Oct 2005, 07:58

Scottish Power said its US unit PPM Energy plans to build a 200 megawatt windfarm in Washington State for $270m.

The build is expected to be completed in the summer of 2006 and will be immediately earnings enhancing.

The group said PPM is in advanced talks to sell the generated output under a long-term contract to a major utility.

"PPM owns seven wind projects, with Big Horn being the largest wind project we have developed to date," said PPM CEO Terry Hudgens. "We are pleased with the enthusiasm of Klickitat County and the surrounding community for this outstanding project with many local benefits."

PPM Energy has around 1,600 MW of wind energy under its control in operation or construction and its target is to reach at least 2,300 MW online by 2010.